Maine’s Economy, Taxes and Budget Maine can’t afford for Congress to miss the mark on COVID-19 emergency funding A bipartisan consensus is building for Congress to pass additional emergency funds for states to help fight the pandemic, maintain health care for low-income families and seniors, […] Sarah Austin Posted May 22, 2020 Tags Coronavirus, Federal, Recession
Taxes and Budget REPORT: Maine needs fiscal relief now to address revenue shortfall of at least $1.2 billion Just two months after the pandemic’s first ripples were felt in the economy, forecasters say unprecedented state revenue shortfalls jeopardize state and local budgets. In Maine, revenue […] Sarah Austin Posted May 5, 2020 Tags Budget, Coronavirus, Federal, Revenue
Maine’s Economy New unemployment claims remain nearly eight times higher than pre-pandemic averages At least 15.6 percent of the state’s workforce has lost their jobs since March 15, as Mainers take the necessary steps to limit transmission of the coronavirus […] Sarah Austin Posted April 30, 2020 Tags Coronavirus, Unemployment
Jobs and Income As jobless rate hits nearly 18 percent, Unemployment Insurance is a critical tool to limit coronavirus transmission At least 14.5 percent of the state’s workforce has lost their jobs since March 15, as Mainers take the necessary steps to limit transmission of the coronavirus […] Sarah Austin Posted April 23, 2020 Tags Coronavirus, Federal, Unemployment
Jobs and Income Coronavirus relief for frontline workers has big implications for gender and race equity As many sectors of the economy come to a halt, workers in essential service industries are still clocking in to ensure people are able to meet basic […] Sarah Austin Posted April 14, 2020 Tags Coronavirus, Federal, Inequality
Maine’s Economy REPORT: Economic downturn from Coronavirus will dwarf Great Recession, demands bold policy response UPDATE (April 30, 2020): As confirmed cases of COVID-19 rise and the coronavirus pandemic continues to rock the economy, several of the indicators in this report have […] Sarah Austin Posted April 1, 2020 Tags Budget, Coronavirus, Economy, Federal, Recession, Revenue
Taxes and Budget Maine’s new supplemental budget focuses on coronavirus response The Maine Legislature on Tuesday enacted a supplemental budget, appropriating an additional $73 million to fund key priorities before the biennial budget expires on July 1, 2021. […] Sarah Austin Posted March 18, 2020 Tags Budget, Coronavirus
Taxes and Budget Anti-'Tax Havens' bill gets new look as effort to close corporate loophole from Trump Tax Cuts Corporations depend on things like an educated workforce, consumers with enough income to pay for services and products, and infrastructure that facilitates commerce. As a state and […] Sarah Austin Posted March 2, 2020 Tags Tax Breaks, Taxes, Trump Tax Cuts
Maine’s Economy, Taxes and Budget Policy Brief: To address wealth inequality, Maine must strengthen its estate tax More and more of society’s wealth is concentrated in the hands of a few families. At the same time, taxes that target the wealthy have been slashed, […] Sarah Austin Posted February 27, 2020 Tags Estate Tax, Inequality, Revenue, Tax Fairness, Taxes
Taxes and Budget Maine's Legislature has a chance to stop corporations like Walmart from using 'dark store theory' to rig the property tax code Big-box chains benefit from the fire and police protection and infrastructure provided by our municipalities. Their employees and their children benefit from the public education provided by […] Sarah Austin Posted February 6, 2020 Tags Property Tax, Tax Fairness, Taxes